Banking & Financial Services (BFS)

Building the Bankable Future


For over 30 years, Raqmiyat has conceptualized and delivered financial solutions to drive unprecedented value, as the banking landscape kept evolving. With a strong regional presence and a state-of-the-art Centre of Excellence, Raqmiyat’s high performance financial solutions are currently running in over 50 financial institutions regionally.


Our solutions and service offerings help the industry face the ever-changing business challenges posed by market dynamism and technological disruption. We partner with customers to enhance their operational efficiencies, minimize their business risk and optimize their investments, resulting in, sustained cost advantage, differentiation and strategic leadership over the competition.


Raqmiyat has contributed remarkably through implementation of large turnkey projects in the financial sector. Strong understanding of the banking business coupled with experienced personnel, availability of extensive support infrastructure has helped Raqmiyat fulfill its uncompromising commitment to provide quality service, and special care to our valued clients.


We have the unique mix of skill-sets and expertise to design, develop and implement mission critical solutions which we developed for banking & financial institutions, to help them achieve growth and reduce operational costs. Having spent a considerable time in this market, Raqmiyat values the relationships built with esteemed customers. Our commitment is evident in every step we perform and value we deliver.

Reporting System

Our Intuitive & Intelligent reporting solution allows the banks and financial institutions an automated safe, secure and convenient method of submitting credit reports to Al Etihad Credit Bureau.

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Blockchain the technology behind Bitcoin could possibly revolutionize the world economy. The blockchain technology is an open source distributed database using state of the art cryptography facilitates collaboration and tracking of all kinds of transactions and interactions. The technology could offer genuine privacy protection and a platform for truth and trust.

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Mobile Payment

Mobile payments, also known as m-payments, may be defined as any payment where a mobile device is used to initiate, authorize and confirm an exchange of currency in return for goods and services. Mobile devices include mobile phones, PDAs, wireless tablets and other devices that can connect to mobile telecommunication networks. Mobile payments can be an alternative to cash, checks, credit cards and debit cards, and can make possible new opportunities for commerce convenience.

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Payment Systems

Our Image Cheque Clearing System (ICCS) suite of solutions in collaboration with payment systems from Burroughs and Aperta helps banks work with Speed and agility. 
The Upgrade version ICCS Connect.Net is a functional and technical re-engineering of Raqmiyat’s existing ICCS Connect application. Helping banks streamline and address growing customer demand and achieve significant savings in IT support costs, this solution leverages our extensive experience from working with over 40 leading banks in the region.
Our State of the art Web based solution ICCS Corporate extends ICCS Connect capabilities like cheque image capture and data correction to Corporates.  Our other payment products WPS Connect, FTS Connect & DDS-Mubasher are built by following best practices and features and offers host of benefits and overall efficiency to the bank.
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Financial Peripherals

Standard features on the Burroughs SmartSource Professional series of check include an auto-feeder with an open feeder designed for improved productivity, industry-leading Magnetic Ink Character Recognition (MICR) reader, easy remote deposit capture applications, and superior image quality with 300 dpi image cameras. On one of these incredible check scanners, you can choose the speed, number of output pockets, and endorsement that matches your workload requirements.

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